CRV Sees 18% Surge as Futures Volume Jumps 148%

Curve DAO token (CRV) has experienced a significant price surge of nearly 18% in the last 24 hours, outperforming much of the crypto market.

This move is accompanied by a sharp increase in futures volume, which has surged over 148% to $190 million, and open interest, which has jumped over 23% to roughly $76 million.

The surge in derivatives trading suggests that traders are increasingly betting on CRV's latest recovery having room to run.

CRV's price is now approaching a multi-month descending resistance trendline that has rejected every meaningful recovery attempt since late last year.